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The fund will make pre-seed and seed venture capital investments in sectors like artificial intelligence.
The plan established a 2% allocation to the asset class earlier this year.
The transaction is expected to close in the fourth quarter.
The new hire will report to CIO Sriram Lakshminarayanan.
The private equity firm added a managing director and v.p. to support capital raising across its four investment strategies.
Firm’s new managing director joins after more than a decade at Advent International.
Plan added a $50 million commitment to an existing manager relationship.
The private markets firm secured more than $3.2 billion in capital commitments for the program.
The plan hired a new manager for domestic large-cap growth equities during a meeting today.